List of Major Chinese Companies and Conglomerates
State Grid is China’s biggest company. It ranks as the third in revenue after Walmart and Saudi Aramco in the world. With 871,145 employees and 1.1 billion customers, it became the world’s largest utility company in 2023. Fortune and Forbes regularly list China’s biggest companies based on revenue, net profit, and assets. In 2022, Fortune’s Global 500 listed 145 Chinese companies. But in 2023, it dropped to 135 which marks the first time decline in 15 years.
We have curate the list of major Chinese companies and conglomerates in table below.
List of Major Chinese Companies
Based on Fortune Global 500, there are the top twenty-five big companies in China. It creates a list of the ranking companies worldwide by how much money they make each year. Here are the detailed list of Major Chinese Companies as mentioned below.
Rank | Name | Headquarters | Revenue (US$M) | Employees |
---|---|---|---|---|
1 | State Grid Corporation of China | Beijing | 460,616.9 | 871,145 |
2 | China National Petroleum Corporation | Beijing | 411,692.9 | 1,090,345 |
3 | Sinopec | Beijing | 401,313.5 | 542,286 |
4 | China State Construction Engineering | Beijing | 293,712.4 | 368,327 |
5 | Industrial and Commercial Bank of China | Beijing | 209,000.4 | 434,089 |
6 | China Construction Bank | Beijing | 200,434.0 | 375,531 |
7 | Ping An Insurance | Shenzhen | 199,629.4 | 355,982 |
8 | Agricultural Bank of China | Beijing | 181,411.7 | 455,174 |
9 | Sinochem | Beijing | 172,260.3 | 220,760 |
10 | China Railway Engineering Corporation | Beijing | 166,452.1 | 310,817 |
11 | China Railway Construction Corporation | Beijing | 158,203.0 | 366,833 |
12 | China Life Insurance Company | Beijing | 157,095.3 | 182,646 |
13 | Bank of China | Beijing | 152,409.3 | 306,322 |
14 | Baowu | Shanghai | 150,730.0 | 230,884 |
15 | JD.com | Beijing | 147,526.2 | 385,357 |
16 | Alibaba Group | Hangzhou | 132,935.7 | 254,941 |
17 | China Mobile | Beijing | 131,913.4 | 451,331 |
18 | China Minmetals | Beijing | 131,800.4 | 193,965 |
19 | China Communications Construction Company | Beijing | 130,664.1 | 220,519 |
20 | China National Offshore Oil Corporation | Beijing | 126,920.1 | 80,957 |
21 | SAIC Motor | Shanghai | 120,900.2 | 146,145 |
22 | Shandong Energy | Jinan | 120,012.3 | 243,124 |
23 | China Resources | Shenzhen | 119,601.2 | 362,706 |
24 | Hengli Group | Suzhou | 113,536.0 | 121,430 |
25 | Amer International Group | Shenzhen | 112,049.2 | 22,398 |
List of Major Chinese Conglomerates
In China, a big company that owns many smaller ones is called a conglomerate. The Chinese word “jituan” means “business group” or “conglomerate.” Some people think Chinese conglomerates have goals besides making money, like trying to control the global microprocessor market. Sometimes, chasing these goals leads to the company borrowing money, which can cause financial problems. When companies have a lot of debt, regulators might start paying closer attention to them. Here are the Major Chinese Conglomerates as mentioned below.
Rank | Name | Headquarters | Revenue (US$M) | Employees |
---|---|---|---|---|
1 | HNA Group | Haikou | 81,419.8 | 143,480 |
2 | Fosun International | Shanghai | 32,389.7 | 73,043 |
3 | China Evergrande Group | Shenzhen | 45,843.0 | 191,131 |
4 | Legend Holdings | Beijing | 75,914.4 | 68,314 |
5 | China Resources Group | Shenzhen | 119,601.2 | 362,706 |
6 | CITIC Group | Beijing | 61,887.0 | 156,898 |
7 | China Oceanwide Holdings Group | Beijing | 11,466.4 | 30,542 |
8 | China Poly Group Corporation | Beijing | 66,024.3 | 143,338 |
9 | China National Travel Service (HK) | Hong Kong | 10,441.3 | 38,407 |
10 | China Energy Investment | Beijing | 57,699.7 | 161,645 |
11 | China General Technology Group | Beijing | 13,734.6 | 45,298 |
12 | China General Nuclear Power Group | Beijing | 20,990.4 | 26,497 |
13 | China Merchants Group | Shenzhen | 54,021.4 | 82,366 |
14 | COFCO Group | Beijing | 68,274.1 | 106,646 |
15 | China Communications Construction | Beijing | 130,664.1 | 220,519 |
16 | China Minmetals Corporation | Beijing | 131,800.4 | 193,965 |
17 | China Electronics Corporation | Beijing | 46,305.8 | 82,804 |
18 | AVIC | Beijing | 62,228.8 | 460,398 |
19 | China Aerospace Science and Technology | Beijing | 43,742.1 | 196,060 |
20 | China Southern Power Grid | Guangzhou | 38,239.3 | 94,719 |
State Grid Corporation of China – Number 1 Chinese Company
The State Grid Corporation of China (SGCC), known as State Grid, is a big company owned by the government. It provides electricity and is the largest company of its kind worldwide. As of 2022, it’s the third biggest company globally in terms of revenue, after Walmart and Saudi Aramco. In 2022, it had about 871,145 employees, served around 1.1 billion customers, and made approximately $460 billion.
It’s overseen by a government agency called the State-owned Assets Supervision and Administration Commission of the State Council. In 2002, there was a change in how electricity was managed, called the Electricity Plant-Grid Separation reform. It split the assets of the State Electric Power Corporation into five groups that kept the power plants, and five regional branches that were part of the State Grid Corporation of China in Beijing.
Trade name | SGCC |
---|---|
Native name | 国家电网公司 |
Company type | State-owned enterprise |
Industry | Electric utility |
Founded | 2002; 22 years ago |
Headquarters | Xicheng District, Beijing, China |
Area served | China |
Philippines (through National Grid Corporation of the Philippines) | |
Australia | |
Brazil | |
Italy | |
Portugal | |
Greece | |
Chile | |
Key people | Xin Baoan (Chairman) |
Huang Dean (Chief Compliance Officer) | |
Zhang Zhigang (President) | |
Pan Jingdong (Executive Vice President) | |
Zhu Min (Executive Vice President) | |
Products | Electrical grid, Electric power transmission |
Services | Nuclear power transmission |
Revenue | Increase US$ 363.125 billion (2017) |
Operating income | 78,697,281,872 renminbi (2018) |
Net income | Increase US$ 10.201 billion (2015) |
Total assets | US$ 585.278 billion (2017) |
Total equity | US$ 207.345 billion (2015) |
Number of employees | 1.566 million (2019) |
Tencent Holdings Limited
As of 2023, Tencent Holdings Limited is the largest company in China based on its market value. Tencent is a big technology company with many different parts. Since 2018, it’s been the biggest seller of video games globally. Tencent’s smaller companies provide services and products on the internet, like entertainment and artificial intelligence. In 2022, Kantar BrandZ said Tencent was the most valuable brand in China, worth about $204.38 billion.
Native name | 腾讯控股有限公司 |
---|---|
Romanized name | Téngxùn Kònggǔ Yǒuxiàn Gōngsī |
Company type | Public |
Traded as | SEHK: 700 |
OTC Pink: TCEHY | |
Hang Seng Index component | |
ISIN | KYG875721634 |
Industry | Conglomerate |
Founded | 11 November 1998; 25 years ago |
Founders | Pony Ma |
Tony Zhang | |
Xu Chenye | |
Charles Chen | |
Zeng Liqing | |
Headquarters | Tencent Binhai Mansion, Nanshan District, Shenzhen, Guangdong, China |
Key people | Pony Ma (chairman, CEO) |
Martin Lau (executive director, president) | |
Products | Artificial intelligence |
Cloud computing | |
Automation | |
Search engine | |
Social networking | |
Instant messaging | |
Mass media | |
Web portal | |
E-commerce | |
Web browser | |
Antivirus software | |
Music | |
Payment system | |
Film production | |
Video games | |
Online services | |
Revenue | Decrease CN¥554.552 billion (US$77.99 billion) (2022) |
Operating income | Decrease CN¥235.706 billion (US$33.15 billion) (2022) |
Net income | Decrease CN¥188.709 billion (US$26.54 billion) (2022) |
Total assets | Decrease CN¥1.578 trillion (US$221.94 billion) (2022) |
Total equity | Decrease CN¥782.860 billion (US$110.10 billion) (2022) |
Owners | Naspers (26.04%; since 2019 through Prosus) |
Number of employees | 112,771 (2021) |
Divisions | Tencent Games |
Tencent Music | |
Tencent Pictures | |
Subsidiaries | See § Foreign studio assets for game studios Subsidiaries |
ASN | 132203 |
Number 1 Conglomerate In The World – Reliance Industries
As of 2023, Reliance Industries is the biggest combination of different businesses globally, with the highest total value of its shares. This company, headquartered in Mumbai, has been the largest in India in terms of its total value since 1960, and in 2022, its value was $228 billion. Reliance Industries works in various industries like making cloth, using natural materials, telecommunications, selling goods, making chemicals from oil, and energy.
Formerly | Reliance Commercial Corporation (1958–1966) |
Reliance Textiles and Engineers (1966–1973) | |
Reliance Industries Limited (1973–present) | |
Company type | Public |
Traded as | BSE: 500325 |
NSE: RELIANCE | |
LSE: RIGD | |
BSE SENSEX Constituent | |
NSE NIFTY 50 Constituent | |
ISIN | INE002A01018 |
Industry | Conglomerate |
Founded | 1958 (66 years ago) |
Founder | Dhirubhai Ambani |
Headquarters | Mumbai, Maharashtra, India |
Area served | Worldwide |
Key people | Mukesh Ambani (Chairman & Managing Director) |
Products | Petroleum |
Natural gas | |
Chemicals | |
Petrochemicals | |
Oil refining | |
Retail | |
Telecommunications | |
Media | |
Entertainment | |
Revenue | Increase ₹974,864 crore (US$120 billion) (2023) |
Operating income | Increase ₹94,801 crore (US$12 billion) (2023) |
Net income | Increase ₹73,670 crore (US$9.2 billion) (2023) |
Total assets | Increase ₹1,713,506 crore (US$210 billion) (2023) |
Total equity | Increase ₹821,153 crore (US$100 billion) (2023) |
Owner | Mukesh Ambani (50.39%) |
Number of employees | 389,414 (2023) |
Subsidiaries | Jio Platforms |
Reliance Retail | |
Jio-bp | |
Network18 Group | |
DEN Networks | |
Hathway | |
Alok Industries | |
Reliance Foundation | |
Indiawin Sports | |
Relicord | |
Reliance Institute of Life Sciences | |
Reliance Industrial Infrastructure | |
Renewable Energy Corporation |
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List of Major Chinese Companies and Conglomerates – FAQs
What are the famous conglomerate companies?
In India, family owned enterprises became some of Asia’s largest conglomerates, such as the Aditya Birla Group, Tata Group, Emami, Kirloskar Group, Larsen & Toubro, Mahindra Group, Bajaj Group, ITC Limited, Essar Group, Reliance Industries, Adani Group and the Bharti Enterprises.
What is the top 3 brand in China?
The total value of China’s most valuable brands reaches over $1 trillion, with Tencent, Alibaba, and Moutai leading the top three.
How many Fortune 500 companies are Chinese?
Total number of Chinese companies on Fortune Global 500 List drops first time in 15 years. (ECNS) — The Fortune Global 500 list for 2023, released Wednesday, revealed that 135 companies were from the Chinese Mainland and Hong Kong, one less than the previous year, the first drop in 15 years.
Which is the richest conglomerate in India?
At the top is the multinational conglomerate Reliance Industries. The company operates in diverse sectors, including energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles.
What is the highest paid company in China?
Despite China aiming to rein in domestic Internet giants, Alibaba is still the best-paying tech company in the country at an average monthly salary of $5,000, followed by ByteDance and Tencent Holdings that offer average monthly wages of $4,900 and $4,600, respectively.